Lightspeed Capital is a merchant cash advance program that is built in to Lightspeed POS. Eligible customers can request a cash advance right in their back office in just a few minutes. The offers consist of a cash advance plus a one-time flat fee.

We determine your eligibility, and tailor offers to your business. If eligible, you will see your Lightspeed Capital offers in the "Finance" section of your point of sale. Select the amount you need and complete the short application. Once approved, you'll receive your funds.

Customers get funded in as soon as two business days.*

The criteria for eligibility is based on a number of factors, including overall business performance, transaction volume and your history with Lightspeed Payments.

No, there are no interest rates with Lightspeed Capital. A one-time flat fee is added to each cash advance offer.

Flat fees are determined based on the offer amount. This fee is not paid upfront. Instead, it gets added to the total amount Lightspeed receives through an agreed upon percentage of your daily sales, also known as the holdback rate.

Here's an example offer:

Financing amount: $20,000
Flat fee: $3,400
Total amount owed: $23,400
Holdback rate: 11%

Payments are seamless. A percentage of your daily sales goes to the balance of the purchase amount, which consists of the advance amount plus flat fee, until the purchase amount is paid in full. These payments are automatically deducted from your payouts or taken directly from your business bank account, by a Lightspeed entity via ACH.

No problem. Once you hit a certain payment milestone on your current advance, you can make a request for additional funding (in the same place you applied) before your current, active advance is fully paid. We'll notify you when you can top up your advance.

You can track your active advance(s), remittance status and amount left to remit right in the Finance > Capital tab of your point of sale.

No. Lightspeed Capital provides a merchant cash advance in the amount of the purchase price, which is not a loan. A merchant cash advance is a purchase of future receivables, which is remitted as a percentage of income on each future sale until the purchase amount is remitted in full.

A loan, by contrast, is borrowed money that is paid back according to a set schedule, by a certain deadline, with a specified interest rate. Traditional financial institutions can require collateral (such as accounts receivable or a physical asset) to reduce the risk they take on when offering business loans, but merchant cash advances do not carry this stipulation.

Lightspeed Capital has no impact on your credit score.

For any questions, our Capital specialists will be happy to help. You can schedule a call with them via your back office, or email [email protected].

You can use Lightspeed Capital for any business expense. That includes inventory, operational expenses, cash flow needs and anything else you can think of that's related to your business.

Yes. Lightspeed Capital is available exclusively to Lightspeed customers.